Science and Technology Angels Network

Armenia ranks #55 globally in StartupBlink's 2026 Startup Ecosystem Index.

One spot down. But 5th consecutive year in the top 60 and ecosystem growth up +16.2%. Ecosystem growth is above Europe's average of +7.3%.

The numbers that matter: $3.3B ecosystem value. #21 in Europe for Funding & Capital.

Important context:

Armenia ranks 6th among former Soviet republics. Right after the Baltics, Ukraine and Russia.

🇪🇪 Estonia #12 / 🇱🇹 Lithuania #22 / 🇷🇺 Russia #42 / 🇺🇦 Ukraine #43 / 🇱🇻 Latvia #48 / 🇦🇲 Armenia #55

Meanwhile the region is accelerating fast. Georgia grew +78%. Uzbekistan +227%.

Armenia's next move isn't about holding its position. It's about strategy, infrastructure and producing globally dominant companies.

What began with FAST - Foundation for Armenian Science and Technology is now being carried forward by Science and Technology Angels Network, which has contributed to the report for 3 consecutive years, reflecting the steady growth and increasing maturity of Armenia’s innovation ecosystem.

For the 2026 report, STAN contributed to the Armenia section alongside Enterprise Armenia. Thank you to Fedor Koriagin and 2CarrotsVC for helping STAN with preparing the report data.

About STAN: Angel network, established by FAST in 2018 and operating independently since 2023, with chapters in LA, NYC, and Paris. We back founders from Armenia and beyond. Powering startups to go global through the angel capital and the Armenian diaspora network is exactly what we're here for. Armenian Impact Investment in action!